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Tarzana Auto Center 6011-6015 Reseda Blvd 9,928 sq ft 92% Let Retail Property Tarzana, CA 91356 £2,457,873 (£247.57/sq ft) 4.32% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Diverse Tenant Mix: A blend of long-standing and contemporary businesses ensure varied revenue streams.
- Growth Potential: Opportunities to enhance value through strategic leasing and property enhancements.
- Investors will appreciate the property's solid foundation andthe promising avenues for value addition.
- Stable Income: Established tenants provide consistent rental income.
- Prime Location: Situated in a bustling area of Tarzana, attracting steady vehicle traffic.
- Don't miss out on acquiring a cornerstone asset in a thriving community.
EXECUTIVE SUMMARY
MAJOR PRICE REDUCTION!! SELLER MOTIVATED.
Prime Multi-Tenant Commercial Building for Sale in Tarzana.
Seize this exceptional investment opportunity in the heart of Tarzana. This well-maintained commercial property boasts nine diverse tenants, ensuring a stable income stream with significant potential for growth.
KEY TENANTS:
Volvo Mechanic: A trusted service provider in the community for over 30 years.
Dance Studio: Popular local destination for dance enthusiasts.
Gymnastic Center: Well-established facility catering to children of all age groups.
Masters in Design: Specialists in modern and innovative kitchen, bathroom and remodeling solutions.
Auto Sales Offices: Multiple tenants contributing to a dynamic automotive hub.
Prime Multi-Tenant Commercial Building for Sale in Tarzana.
Seize this exceptional investment opportunity in the heart of Tarzana. This well-maintained commercial property boasts nine diverse tenants, ensuring a stable income stream with significant potential for growth.
KEY TENANTS:
Volvo Mechanic: A trusted service provider in the community for over 30 years.
Dance Studio: Popular local destination for dance enthusiasts.
Gymnastic Center: Well-established facility catering to children of all age groups.
Masters in Design: Specialists in modern and innovative kitchen, bathroom and remodeling solutions.
Auto Sales Offices: Multiple tenants contributing to a dynamic automotive hub.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Vehicle Repair Garage
Property Size
9,928 sq ft
Costar Property Class
C
Year Built
1972
Price
£2,457,873
Price per sq ft
£247.57
Yield
4.32%
NOI
£106,135
Occupancy Rate
92%
Tenancy
Multiple
Number of Floors
2
Floor To Floor Height
11 ft
Plot ratio
0.44
Total Plot Size
0.52 ac
Use Class
LA C2 - Commerical
Parking
23 Spaces (2.62 Spaces per 1,000 sq ft Leased)
Frontage
150 ft on Reseda Blvd
AMENITIES
- Bus Route
- Public Transport
- Pylon Sign
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE END
- Action Volvo Repair Inc
- Service type
- -
- -
- -
- Air Wave Tech Inc
- Manufacturing
- -
- -
- -
- Car Exchange
- Retailer
- -
- -
- -
- Planet Car Sales
- Retailer
- -
- -
- -
- Tarzana Auto Sales
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE END | ||
| Action Volvo Repair Inc | Service type | - | - | - | ||
| Air Wave Tech Inc | Manufacturing | - | - | - | ||
| Car Exchange | Retailer | - | - | - | ||
| Planet Car Sales | Retailer | - | - | - | ||
| Tarzana Auto Sales | Retailer | - | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- USE
- POSITION
- AVAILABLE
- 2nd Floor
- 800 sq ft
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 2nd Floor | 800 sq ft | Retail | - | Now |
2nd Floor
| Size |
| 800 sq ft |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Walk Score®
Easily Walkable (81)
Bike Score®
Good for cycling (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2156-006-017 | Improvements Assessment | £728,061 |
| Land Assessment | £485,370 | Total Assessment | £1,213,431 |
PROPERTY TAXES
Parcel Number
2156-006-017
Land Assessment
£485,370
Improvements Assessment
£728,061
Total Assessment
£1,213,431
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Tarzana Auto Center | 6011-6015 Reseda Blvd
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